Financial business analysts assist corporations or government agencies in making major financial or investment decisions. By reviewing data reports of a company's assets and activity, a financial business analyst uses his or her knowledge of national and global financial markets to recommend profitable actions such as buying or selling stocks, property or even certain foreign currencies. Whether for an insurance company, retail chain, bank or another entity, financial analysts are responsible for evaluating a firm's financial standing and presenting the data to higher executives clearly.
Financial Business Analyst Education
Financial analysts will require a minimum of a bachelor's degree in a finance, accounting, investing or business administration. In order to secure top-level positions in the field, a master's degree may be preferable; as many as 34 percent of financial analysts hold an advanced degree. It is common for financial business analysts to attend conferences and participate in continuing education to stay current on trends and best practices in their field.
Financial Business Analyst Job Market
According to the Bureau of Labor Statistics, there were 253,000 financial analysts employed in the United States in 2012. Projections show a 16 percent increase in demand for financial analysts over the next decade, which translates to an additional 39,300 jobs in the United States alone. This doesn't take into account the potential for overseas work with international financial institutions and businesses.
Financial Business Analyst Salaries
The Bureau of Labor Statistics lists the median salary for financial business analysts in the United States at $76,950 as of 2012. The top 10 percent of earners in the field were able to secure salaries of $148,430 and up while the lowest 10 percent earned just under $50,000 per year. In general, analysts who work for larger companies can expect a higher salary.